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$320,000

Beds
2
Baths
2.0
sq ft
1,100

2016 Bay Dr Unit 403, Miami Beach, FL 33141

2016 Bay Dr Unit 403

Miami Beach, FL 33141

  • 52 days on market
    • Price drop $10,000↓
Investment Opportunity! Buy and place a tenant in place - no rental restrictions upon purchasing. Current rentals in areas range around $2,800. Opportunity in highly sought-after, pet-friendly Normandy Isles, Miami Beach! This spacious 2-bedroom, 2-bath condo features new flooring, an open floor plan with abundant natural light, a large kitchen, formal dining area, and a balcony with City & Water views. Includes large closets, extra storage, assigned parking, and plenty of additional parking. The building offers amenities like a waterfront pool, exercise room, and lounge. Water, insurance, and cable are included. Just steps to dining, shopping, and entertainment, and a little over a mile to the beach. Conveniently located near airports, Bal Harbour, Sunny Isles, South Beach, and Edgewater.

Details

Property type

Condominium

Est. home value

$347,171

Lot size

Unknown

Price per sq ft

$291

Year built

1966

Annual property taxes

$4,312

Monthly HOA fee

$953

Price History

12/16/2024
SEF

SEF #A11693016

Price change
$320,000
-3.03%
12/03/2024
SEF

SEF #A11693016

Price change
$330,000
-9.59%
11/11/2024
SEF

SEF #A11693016

Listed
$365,000
+0.03%

Schools & Community

Neighborhood: 

Isle of Normandy

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Chemtov Mortgage Group Corp

Loan start date

February 2020

Original loan amount

$136,500

Est. remaining balance

$123,229

Interest rate

3.64%

Loan type

New Conventional, 30 year

Seller

Gail Lormand

Lender

Chemtov Mortgage Group Corp

Loan start date

February 2020

Original loan amount

$136,500

Est. remaining balance

$123,229

Interest rate

3.64%

Loan type

New Conventional, 30 year

Seller

Gail Lormand

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 01/06/2025 at 6:15 AM

Listing updated: 12/16/2024 at 4:10 PM

Listed by: Melissa Byrnes, Lifestyle International Realty Phone #: (305) 809-8085

MLS: SEF #A11693016

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